ET Now: Want to get you in on Titan because you have been buying consumer stocks like Titan Industries, what makes you so bullish on the consumption theme and the fact that earnings growth is here to stay for these names?

Tirthankar Patnaik: Stocks like every other stock basically HUL, ITC, we have pretty much no buys in that space other than Dabur and Emami. Those are the only stocks that we like.

Titan is a top down pick on various reasons basically movement into organised jewellery, Indians love for gold. So the various top down themes that we like in Titan.

On Jubilant specifically, same-store sales growth has come down to odd 15% numbers, unlikely to continue going forward. We have a sell on that stock. At around 950 odd levels, our analyst feels that 950-940 levels, the stock can be a buy but not at these levels actually.